Question

A shoe store marks up its merchandise by 38%. What was the selling price of a pair of shoes whose wholesale price is $24.50?

Answer 1

Answer:

SP = $33.81

Step-by-step explanation:

Given that,

The wholesale price of a shoe = $24.50

A shoe store marks up its merchandise by 38%.

We need to find the selling price of a pair of shoes. It can be given by :

SP = wholesale price + 38% of wholesale price

$SP=24.5+38\%\times 24.5\\\\=24.5+\dfrac{38}{100}\times 24.5\\\\=\ 33.81$

So, the selling price of a pair of shoes is $33.81.